Cattle futures were narrowly mixed Friday with uncertainty about the Cattle on Feed report, which ultimately proved to be likely supportive. Live Cattle futures closed an average of 12¢ higher, except for unchanged to an average of 5¢ lower in three contracts. They were an average of $4.20 higher week to week on Friday. Feeder Cattle futures closed an average of 57¢ lower. They were an average of $6.82 higher week to week on Friday. Negotiated cash fed cattle trade was moderate on moderate demand in the Southern Plains and Nebraska through Friday afternoon, according to the Agricultural Marke ..read more

Cattle futures gained Thursday with likely positioning ahead of Friday’s monthly Cattle on Feed report. Export sales also provided support. Net U.S. beef export sales for the week ending April 11 were 17,700 metric tons for 2024, according to the weekly U.S. Export Sales report. That was 30% more than the previous week and 27% more than the prior four-week average. Increases were primarily for South Korea, China, Japan, Taiwan and Mexico. At the close and before final settlement, Live Cattle futures were an average of $1.46 higher. Feeder Cattle futures were an average of $1.65 higher. Negoti ..read more

Cattle futures drifted Wednesday as traders awaited cash direction. Likely, there was added hesitancy ahead of Friday monthly Cattle on Feed report. Estimates see placements being 8% less year over year and marketings down 12% for an April 1 inventory about 2% higher. At the close and before final settlement, Live Cattle futures mixed, from an average of 28¢ lower in the front four contracts to an average of 27¢ higher. Feeder Cattle futures were an average of 24¢ lower, except for 15¢ higher in spot Apr. Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a s ..read more

Cattle futures continued higher Tuesday for the second consecutive session, perhaps establishing a bottom. At the close and before final settlement, Live Cattle futures were an average of $1.59 higher. Feeder Cattle futures were an average of $2.38 higher. Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service. Last week, FOB live prices were $182/cwt. in the Southern Plains, $184 in Nebraska and $185 in the western Corn Belt. Dressed delivered prices were $293. Choice boxed beef cutou ..read more

Cattle futures bounced back some Monday with likely short covering. At the close and before final settlement, Live Cattle futures were an average of $1.86 higher. Feeder Cattle futures were an average of $3.51 higher. Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service. Last week, FOB live prices were $2 lower in the Texas Panhandle at $182/cwt., $1-$2 lower in Kansas at $182, $3 lower in Nebraska at $184 and $2 lower in the western Corn Belt at $185. Dressed delivered prices were $3 ..read more

Cattle futures sank lower Friday with pressure including the bounce higher in grain futures, more cases of Bovine Influenza A Virus in dairy cattle and struggling outside markets. Live Cattle futures closed an average of $2.39 lower. Feeder Cattle futures closed an average of $3.27 lower. Week to week on Friday, Live Cattle futures closed an average of $1.39 and Feeder Cattle futures closed an average of $3.25 lower. Negotiated cash fed cattle trade ranged from slow on light demand to moderate on moderate demand through Friday afternoon, according to the Agricultural Marketing Service. For th ..read more

Cattle futures were higher into the close and before settlement on Thursday, despite steady to lower early cash fed cattle prices and recently weaker wholesale beef values. Live Cattle futures were an average of 56¢ higher. Feeder Cattle futures were an average of 95¢ higher. Negotiated cash fed cattle trade ranged from slow on light demand to moderate on moderate demand through Thursday afternoon, according to the Agricultural Marketing Service. Compared to last week, FOB live prices were $1-$2 lower in Kansas at $182/cwt. and $2 lower in the western Corn Belt at $185 where dressed delivered ..read more

Cattle futures lost more ground Wednesday with pressures including heavy carcass weights and announced import restrictions by some states on cattle from states with confirmed cases of Bovine Influenza A Virus (BIAV). At the close and before final settlement, Live Cattle futures were an average of $1.57 lower. Feeder Cattle futures were an average of $2.72 lower. Negotiated cash fed cattle trade was mostly inactive on light demand in all major cattle feeding regions through Wednesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service. Last week, FOB ..read more

Cattle futures gained some Tuesday with a likely technical bounce. At the close and before final settlement, Live Cattle futures closed an average of $1.26 higher, while Feeder Cattle futures closed an average of $1.94 higher. Negotiated cash fed cattle trade was at a standstill through in all major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service. Last week, FOB live prices were $184/cwt. in the Texas Panhandle, $183-$184 in Kansas and $187 in the north. Dressed delivered prices were $296-$297 in Nebraska and $297 in the western Corn Belt. Cho ..read more

Higher wholesale beef values helped Live Cattle futures firm on Monday. Live Cattle closed an average of 67¢ higher. Feeder Cattle futures closed an average of 50¢ lower, except for $1.45 higher in spot Apr. Negotiated cash fed cattle trade ranged from inactive on very light demand to a standstill through Monday afternoon, according to the Agricultural Marketing Service. Last week, FOB live prices were $2 lower in the Texas Panhandle at $184/cwt., $1-$2 lower in Kansas at $183-$184, $2-$3 lower in Nebraska at $187 and $1-$3 lower in the western Corn Belt at $187. Dressed delivered prices were ..read more